Banco Santander Brasil SA (NYSE:BSBR) Expected to Announce Earnings of $0.23 Per Share

Published

Banco Santander Brasil logoWall Street analysts expect that Banco Santander Brasil SA (NYSE:BSBR) will report earnings of $0.23 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Banco Santander Brasil's earnings. The highest EPS estimate is $0.25 and the lowest is $0.20. Banco Santander Brasil reported earnings per share of $0.21 in the same quarter last year, which suggests a positive year-over-year growth rate of 9.5%. The company is expected to report its next earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Banco Santander Brasil will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.93 to $0.99. For the next financial year, analysts expect that the company will post earnings of $1.09 per share, with EPS estimates ranging from $1.02 to $1.17. Zacks Investment Research's EPS calculations are a mean average based on a survey of sell-side analysts that follow Banco Santander Brasil.

BSBR has been the subject of several analyst reports. Citigroup upgraded shares of Banco Santander Brasil from a "neutral" rating to a "buy" rating in a research note on Tuesday, August 27th. Morgan Stanley upgraded shares of Banco Santander Brasil from an "equal" rating to a "weight" rating in a research note on Wednesday, August 7th. Zacks Investment Research lowered shares of Banco Santander Brasil from a "hold" rating to a "sell" rating in a research note on Monday, October 14th. Finally, ValuEngine upgraded shares of Banco Santander Brasil from a "sell" rating to a "hold" rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. The company presently has an average rating of "Hold" and an average price target of $12.50.

A number of large investors have recently bought and sold shares of BSBR. Renaissance Technologies LLC increased its stake in shares of Banco Santander Brasil by 26.5% during the 2nd quarter. Renaissance Technologies LLC now owns 3,382,500 shares of the bank's stock worth $40,150,000 after purchasing an additional 709,000 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Banco Santander Brasil by 419.2% during the 2nd quarter. Bank of America Corp DE now owns 898,421 shares of the bank's stock worth $10,663,000 after purchasing an additional 725,377 shares during the last quarter. Morgan Stanley increased its stake in shares of Banco Santander Brasil by 6.0% during the 2nd quarter. Morgan Stanley now owns 734,612 shares of the bank's stock worth $8,721,000 after purchasing an additional 41,685 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Banco Santander Brasil by 7.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 529,042 shares of the bank's stock worth $6,280,000 after purchasing an additional 34,474 shares during the last quarter. Finally, Aperio Group LLC increased its stake in shares of Banco Santander Brasil by 26.7% during the 2nd quarter. Aperio Group LLC now owns 465,381 shares of the bank's stock worth $5,524,000 after purchasing an additional 98,211 shares during the last quarter. Hedge funds and other institutional investors own 1.07% of the company's stock.

NYSE BSBR traded up $0.10 during trading hours on Wednesday, hitting $12.35. The company's stock had a trading volume of 462,639 shares, compared to its average volume of 885,321. Banco Santander Brasil has a 52 week low of $9.68 and a 52 week high of $13.73. The company has a market capitalization of $45.03 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.39 and a beta of 0.81. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.10. The company's 50-day simple moving average is $10.98 and its two-hundred day simple moving average is $11.23.

Banco Santander Brasil Company Profile

Banco Santander (Brasil) SA provides commercial banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. It operates through two segments, Commercial Banking and Global Wholesale Banking. The company offers checking and savings accounts; priority services, such as withdrawals, debit cards, deposits, and transfers; onshore and offshore financial products and services, investment advice, and asset management services; consumer credit for purchasing motor vehicles, and other goods and services; local loans, commercial finance, trade finance, guarantees, structured loans, and cash management and funding solutions, as well as Banco Nacional de Desenvolvimento EconÃŽmico e Social on-lending transfer services; payroll, mortgage, and agribusiness loans, as well as microcredit; investment products; and credit cards and foreign exchange services.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

Get a free copy of the Zacks research report on Banco Santander Brasil (BSBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com


In This Story